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Aramark Shares Gain 8% Since Q2 Beat

2023-05-11 12:54:00

<p><a href='https://financialmodelingprep.com/financial-summary/ARMK'>Aramark Services (NYSE:ARMK)</a> shares rose 8% since the company reported its Q2 earnings results, with EPS coming in at $0.28, better than the Street estimate of $0.26. Revenue was $4.6 billion, beating the Street estimate of $4.39 billion.</p> <p>Furthermore, there was a wide-ranging increase in revenue throughout the company's portfolio and geographical locations. With regards to the planned Uniform spin-off, the company maintains its expectation of completing the transaction by fiscal year 2023.</p> <p>Lastly, the company maintained its commitment to deleveraging the balance sheet and expects leverage to be below 4.0x by fiscal year-end aided by free cash flow guidance of approximately $300 million and earnings growth.</p>

NYSE:ARMK

https://financialmodelingprep.com/market-news/fmp-aramark-shares-gain-8-since-q2-beat-

Davit Kirakosyan

Financial Modeling Prep

Coty Reports Better Than Expected Q3 Results

2023-05-11 12:52:00

<p><a href='https://financialmodelingprep.com/financial-summary/COTY'>Coty (NYSE:COTY)</a> reported its Q3 earnings results on Tuesday, with EPS of $0.19, coming in better than the Street estimate of $0.03. Revenue was $1.29 billion, beating the Street estimate of $1.23 billion.</p> <p>This led to an increase in guidance, but it reflects a more modest Q4, largely due to inventory re-stocking actions in Q3 that led to a one-time mid-single-digit benefit to growth. Demand remains healthy around the globe with incremental upside from China as the country reopens and the company invests in new skincare launches in the region.</p> <p>For the full 2023 year, the company expects EPS to be in the range of $0.38-$0.39, compared to the Street estimate of $0.37.</p>

NYSE:COTY

https://financialmodelingprep.com/market-news/fmp-coty-reports-better-than-expected-q3-results-

Davit Kirakosyan

Financial Modeling Prep

Affirm Reports Better Than Expected Q3 Results

2023-05-11 12:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/AFRM'>Affirm Holdings (NASDAQ:AFRM)</a> reported its Q3 earnings results, with EPS of ($0.69) coming in better than the Street estimate of ($0.92). Revenue was $381 million, beating the Street estimate of $369.94 million.</p> <p>Gross merchandise volume (GMV) increased 18% year-over-year, or 24% excluding Peloton, vs. 27% reported growth last quarter, to $4.64 billion, compared to the Street estimate at $4.44 billion. The company expects Q4/23 revenue to be in the range of $390-$415 million, compared to the Street estimate of $390 million.</p> <p>While still early, the company highlighted that it had added Debit+ into its main app and that Debit+ users increase their transaction frequency 7x, 90 days after activating the solution. </p>

NASDAQ:AFRM

https://financialmodelingprep.com/market-news/fmp-affirm-reports-better-than-expected-q3-results-

Davit Kirakosyan

Financial Modeling Prep

AT&T Stock Falls 13% Since Q1 Earnings Announcement

2023-05-11 09:35:00

<p><a href='https://financialmodelingprep.com/financial-summary/T'>AT&T (NYSE:T)</a> shares fell more than 13% since the company’s reported Q1 earnings results last month. EPS came in at $0.60, better than the Street estimate of $0.58. Revenue grew 1.6% year-over-year to $30.1 billion, compared to the Street estimate of $30.24 billion, primarily driven by lower-than-expected equipment revenue and slight downside to mobility service revenue — business wireline revenues were in line while consumer broadband revenue and LatAm beat.</p> <p>Segment adjusted EBITDA grew 4.8% year-over-year to $11.2 billion and was below Street estimate by 2.5% on lower-than-expected results across Consumer Wireline, Business Wireline, and Mobility.</p>

NYSE:T

https://financialmodelingprep.com/market-news/fmp-at&t-stock-falls-13-since-q1-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

Atkore Reports Q2 EPS Beat But Revenues Miss Estimates

2023-05-11 09:33:00

<p><a href='https://financialmodelingprep.com/financial-summary/ATKR'>Atkore Inc (NYSE:ATKR)</a> reported its Q2 earnings results on Tuesday, with EPS of $4.87 coming in better than the Street estimate of $4.27. However, revenue of $895.9 million missed the Street estimate of $909.38 million.</p> <p>Analysts at RBC Capital said they remain positive on the story and attribute the tepid stock reaction to (1) while completely as expected, the optics of year-over-year declines in pricing/revenues/earnings are not inspiring, (2) there is still no clarity on normalized earnings, (3) slowing in the second derivative of outsized beats/guidance boosts.</p> <p>Analysts lowered their price target to $163 from $177 while maintaining their Outperform rating.</p>

NYSE:ATKR

https://financialmodelingprep.com/market-news/fmp-atkore-reports-q2-eps-beat-but-revenues-miss-estimates

Davit Kirakosyan

Financial Modeling Prep

Q2 Holdings Shares Jump 13% Following Q1 Earnings Announcement

2023-05-10 12:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/QTWO'>Q2 Holdings (NYSE:QTWO)</a> shares soared more than 13% intra-day today after the company reported its Q1 earnings, with revenue coming in at $153 million, beating the Street estimate of $150.51 million. EPS of ($0.01) came in worse than the Street estimate of $0.07. </p> <p>Demand for the company’s solutions remains strong, with some pressure on lower-margined discretionary services revenue. Management reduced its 2023 revenue guidance to reflect this pressure but raised its adjusted EBITDA guidance.</p> <p>For Q2, the company expects revenue to be in the range of $153.1-155.1 million. For the full year, the company expects revenue in the range of $618-$630 million.</p>

NYSE:QTWO

https://financialmodelingprep.com/market-news/fmp-q2-holdings-shares-jump-13-following-q1-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

Vivid Seats Shares Up 18% Since Q1 Beat

2023-05-10 12:48:00

<p><a href='https://financialmodelingprep.com/financial-summary/SEAT'>Vivid Seats Inc. (NASDAQ: SEAT)</a> shares rose more than 18% since the company’s reported Q1 earnings yesterday. </p> <p>The company posted a big beat but smaller raise and an implied H2 EBITDA guide down. Positively, the company is participating in the stronger live event demand trends, is driving incremental margin efficiencies, and has left the full-year outlook almost unnecessarily conservative.</p> <p>Q1 revenue came in at $161 million, compared to the Street estimate of $140.19 million. For the full year, the company expects revenue to be in the range of $605-$630 million, compared to the Street estimate of $594.6 million.</p>

NASDAQ:SEAT

https://financialmodelingprep.com/market-news/fmp-vivid-seats-shares-up-18-since-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Airbnb Shares Drop 10% Following Q1 Earnings

2023-05-10 12:39:00

<p><a href='https://financialmodelingprep.com/financial-summary/ABNB'>Airbnb (NASDAQ:ABNB)</a> shares plunged more than 10% intra-day today after the company reported its Q1 earnings, anticipating fewer bookings in Q2 compared to a year ago period.</p> <p>Q1 EPS came in at $0.18, missing the Street estimate of $0.20, while revenue of $1.8 billion came in better than the Street estimate of $1.79 billion. For Q2/23, the company expects revenue to be in the range of $2.35-$2.45 billion, compared to the Street estimate of $2.42 billion.</p> <p>RBC Capital analysts think that their earlier prediction about Europe's risk of economic downturn is coming true. The company believes that there is a shortage of supplies, but in order to increase demand, they will need to convince hosts to lower their prices. The analysts cut their price target on the company to $105 from $135 while maintaining their Sector Perform rating. </p>

NASDAQ:ABNB

https://financialmodelingprep.com/market-news/fmp-airbnb-shares-drop-10-following-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

Rapid7 Reports Better Than Expected Q1 Results

2023-05-10 12:33:00

<p><a href='https://financialmodelingprep.com/financial-summary/RPD'>Rapid7, Inc. (NASDAQ:RPD)</a> reported its Q1 earnings results yesterday, with EPS coming in at $0.16 better than the Street estimate of $0.09. Revenue was $183 million, beating the Street estimate of $181.18 million. ARR was $727.9 million, representing a 16% year-over-year growth.</p> <p>For Q2/23, the company expects EPS to be in the range of $0.09-$0.12, compared to the Street estimate of $0.18. Revenue is seen at $187-$189 million, compared to the Street estimate of $188.65 million.</p> <p>For the full year, the company expects EPS in the range of $0.83-$0.89, compared to the Street estimate of $0.84. Revenue is expected in the range of $773-$779 million, compared to the Street estimate of $774.62 million.</p>

NASDAQ:RPD

https://financialmodelingprep.com/market-news/fmp-rapid7-reports-better-than-expected-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Twilio Stock Plummets 15% on Weak Q2 Outlook

2023-05-10 10:06:00

<p><a href='https://financialmodelingprep.com/financial-summary/TWLO'>Twilio (NYSE:TWLO)</a> shares dropped more than 15% intra-day today after the company reported a soft Q2 revenue outlook. Despite posting better-than-expected Q1 EPS of $0.47 and revenue of $1.01 billion (up 15% year-over-year), Q2 guidance failed to meet investor expectations. </p> <p>Twilio CEO Jeff Lawson stated that the company had structured its business to operate profitably in any financial climate, as evidenced by the strong Q1 non-GAAP income from operations. However, for Q2/23, Twilio expects EPS in the range of $0.27-$0.31 and revenue between $980 million and $990 million, missing the Street estimates. </p> <p>Following the results announcement, several Wall Street firms cut their price target on the stock, including Morgan Stanley with a new target of $65.00 (from $82.00), and JPMorgan with a new target of $80.00 (from $95.00).</p>

NYSE:TWLO

https://financialmodelingprep.com/market-news/fmp-twilio-stock-plummets-15-on-weak-q2-outlook

Davit Kirakosyan

Financial Modeling Prep

Tactile Systems Technology Shares Jump 13% on Q1 Beat

2023-05-10 10:01:00

<p><a href='https://financialmodelingprep.com/financial-summary/TCMD'>Tactile Systems Technology, Inc. (NASDAQ:TCMD)</a> shares surged more than 13% yesterday after the company reported its Q1 earnings results, with EPS of ($0.09) coming in better than the Street estimate of ($0.24). Revenue was $58.8 million, beating the Street estimate of $53.94 million, as sales representative productivity increased due to new product introductions.</p> <p>AffloVest contributed $9.1 million, up 24% year-over-year. Core lymphedema rose a healthy 22% year-over-year to $49.8 million. The company slightly increased its 2023 guidance, now expecting revenue to be in the range of $271-275 million (from the prior $269-273 million), compared to the Street estimate of $272 million.</p>

NASDAQ:TCMD

https://financialmodelingprep.com/market-news/fmp-tactile-systems-technology-shares-jump-13-on-q1-beat-

Davit Kirakosyan

Financial Modeling Prep

Palantir Shares Jump 20% Following Q1 Beat

2023-05-09 16:34:00

<p><a href='https://financialmodelingprep.com/financial-summary/PLTR'>Palantir (NYSE:PLTR)</a> shares jumped more than 20% intra-day today after the company reported its Q1 earnings results, with EPS of $0.05 coming in better than the Street estimate of $0.04. Revenue was $525 million, beating the Street estimate of $505.82 million.</p> <p>The beat was almost entirely driven by accelerated revenue recognition with SPAC customers ($33 million recognized in the quarter, versus guidance of $16 million).</p> <p>For Q2/23, the company expects revenue to be in the range of $528-532 million, compared to the Street estimate of $536 million. For the full year, the company expects revenue in the range of $2.19-2.24 billion, compared to the Street estimate of $2.2 billion.</p>

NYSE:PLTR

https://financialmodelingprep.com/market-news/fmp-palantir-shares-jump-20-following-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Catalent Shares Drop 25% on Q3 Earnings Delay & Expected Outlook Cut

2023-05-09 16:32:00

<p><a href='https://financialmodelingprep.com/financial-summary/CTLT'>Catalent (NYSE:CTLT)</a> shares plunged more than 25% yesterday after the company said it will delay its Q3 earnings announcement, which was scheduled on May 9 (new expected date – May 15), and expects to cut its full-year guidance.</p> <p>The company warned investors of a handful of operational challenges impacting near-term results. It quantified the impact on fiscal 2023 at over $400 million for both net revenue and adjusted EBITDA. This would imply a downward revision to the guidance of at least 8% and 32% at the midpoints, respectively.</p>

NYSE:CTLT

https://financialmodelingprep.com/market-news/fmp-catalent-shares-drop-25-on-q3-earnings-delay-&-expected-outlook-cut

Davit Kirakosyan

Financial Modeling Prep

TaskUs Shares Drop on Revised Guidance

2023-05-09 16:29:00

<p><a href='https://financialmodelingprep.com/financial-summary/TASK'>TaskUs, Inc. (NASDAQ:TASK)</a> shares were trading more than 4% lower intra-day today after the company reported its Q1 earrings results. While both EPS of $0.32 and revenues of $235.3 million came in better than the Street estimates of $0.27 and $232.35 million, respectively, the company cuts its full-year guidance. This was due to continued cost rationalization from key clients, increasing focus on pivoting to offshore work, and further lengthening of sales cycles.</p> <p>2023 guidance now calls for revenue of $925–$950 million (previously $940– $990 million) and an adjusted EBITDA margin of 23.5% (previously 23%).</p>

NASDAQ:TASK

https://financialmodelingprep.com/market-news/fmp-taskus-shares-drop-on-revised-guidance-

Davit Kirakosyan

Financial Modeling Prep

Amgen’s Management Meeting Takeaways

2023-05-09 16:24:00

<p>RBC Capital analysts provided their takeaways from Investor Call with the management of <a href='https://financialmodelingprep.com/financial-summary/AMGN'>Amgen Inc. (NASDAQ:AMGN)</a>, discussing product (and revenue) dynamics coming out of Q1/23, the latest on the Horizon Therapeutics deal, its closing, and what is ahead for integrating the new portfolio, pipeline highlights including the anticipated AMG133-led program efforts to differentiate within the obesity space, as well as the long-term outlook to layer diversified but intentioned growth off the company’s current commercial base. </p> <p>While the analysts continue to find balance with the company’s story and shares, they believe the news flow remains worth watching as new sources of momentum through internal and external development emerge, though pending the Horizon Therapeutics deal close and integration as well as a glimpse at what is next to spark investor enthusiasm, they reiterate their Sector Perform rating and $254 price target on the company’s shares.</p>

NASDAQ:AMGN

https://financialmodelingprep.com/market-news/fmp-amgen’s-management-meeting-takeaways

Davit Kirakosyan

Financial Modeling Prep

Wayfair Stock Jumps 27% Since Q1 Beat

2023-05-09 05:47:00

<p><a href='https://financialmodelingprep.com/financial-summary/W'>Wayfair (NYSE:W)</a> shares rose more than 27% since the company’s reported Q1 results on Thursday, with EPS of ($1.13), coming in better than the Street estimate of ($1.71). Revenue was $2.8 billion, beating the Street estimate of $2.74 billion.</p> <p>While highlighting better-than-expected Q1 revenue, a meaningful EBITDA beat, and encouraging cost progress, analysts at RBC Capital believe more macro clarity is needed to get constructive.</p> <p>Management shared that quarter-to-date gross revenue is trending down high-single-digits year-over-year though it expects improvement over the quarter due to easier comparisons in May/June. The team expects Q2 net sales to improve just under 10% quarter-over-quarter, which implies a 7-8% decline year-over-year.</p>

NYSE:W

https://financialmodelingprep.com/market-news/fmp-wayfair-stock-jumps-27-since-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Rocket Companies Report Q1 EPS Miss While Revenues Better Than Expected

2023-05-09 05:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/RKT'>Rocket Companies (NYSE:RKT)</a> reported its Q1 earnings results on Thursday, with EPS coming in at ($0.16), missing the Street estimate of ($0.09). Revenue was $882 million, beating the Street estimate of $775.14 million.</p> <p>Q1 results and Q2 guidance continue to reflect the pressure higher interest rates are having in the housing and mortgage market, while management looks to balance expense control against investing in the platform so that the company can take share when the mortgage markets return. </p> <p>For Q2/23, the company expects adjusted net revenue to be in the range of $850 million - $1 billion, compared to the Street estimate of $1.04 billion.</p>

NYSE:RKT

https://financialmodelingprep.com/market-news/fmp-rocket-companies-report-q1-eps-miss-while-revenues-better-than-expected

Davit Kirakosyan

Financial Modeling Prep

AIG Shares Jump on Q1 Beat & Dividend Hike

2023-05-08 18:31:00

<p><a href='https://financialmodelingprep.com/financial-summary/AIG'>AIG (NYSE:AIG)</a> shares jumped more than 7% on Friday after the company posted its Q1 earnings results, with EPS of $1.63 coming in above the Street estimate of $1.43. The company also increased its quarterly dividend by 12.5% to $0.36 per share or $1.44 annualized. </p> <p>According to RBC Capital, the company continues to produce further core margin improvement due to past underwriting actions. Commercial line rate increases for the company are outpacing loss cost inflation. </p> <p>The analysts see a path to an additional core margin improvement with new expense saves on the way. Their 2024 EPS estimate moved to $7.50 from $7.25.</p>

NYSE:AIG

https://financialmodelingprep.com/market-news/fmp-aig-shares-jump-on-q1-beat-&-dividend-hike

Davit Kirakosyan

Financial Modeling Prep

Sprott Reports Strong Q1 Revenue Performance

2023-05-08 18:29:00

<p><a href='https://financialmodelingprep.com/financial-summary/SII'>Sprott (NYSE:SII)</a> reported its Q1/23 earnings results on Friday, demonstrating strong net sales performance. The company incurred positive net sales for 15 consecutive quarters which is attributed in part to benefiting from strategies that are selling well plus broadening its suite of products over the years.</p> <p>Q1 Base Business EBITDA was $17.3 million, and ending AUM was $25.4 billion. Revenues came in at $985 million.</p> <p>While the company is executing well on its growth strategy, analysts at RBC Capital see the shares as fairly valued and reiterate their Sector Perform rating.</p>

NYSE:SII

https://financialmodelingprep.com/market-news/fmp-sprott-reports-strong-q1-revenue-performance

Davit Kirakosyan

Financial Modeling Prep

Essent Reports Better Than Expected Q1 Earnings Results

2023-05-08 18:25:00

<p><a href='https://financialmodelingprep.com/financial-summary/ESNT'>Essent Group (NYSE:ESNT)</a> reported its Q1 earnings results on Friday, with EPS coming in at $1.59, above the Street estimate of $1.46. Revenue was $256.25 million, beating the Street estimate of $250.26 million.</p> <p>The company’s quarterly results built on its 2022 performance as it turned in strong margins, healthy IIF growth, and resumed repurchases. The balance sheet remains robust and industry pricing is continuing to move in the company's favor. </p> <p>Analysts at RBC Capital reiterated their expectation for premium growth in H2/23. While near-term the analysts expect performance to be bumpy as macro conditions remain volatile, they see the current valuation as an attractive entry point and remain Outperform.</p>

NYSE:ESNT

https://financialmodelingprep.com/market-news/fmp-essent-reports-better-than-expected-q1-earnings-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Valvoline’s Upcoming Q2 Earnings?

2023-05-08 18:23:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/VVV'>Valvoline Inc. (NYSE:VVV)</a> ahead of the upcoming Q2/23 earnings announcement, scheduled on May 10.</p> <p>The analysts expect quarterly revenue of $347 million (vs. Street’s $349 million), which implies a growth rate of 17% year-over-year, driven by an 11% system-wide Same Store Sales growth and a 7.5% unit growth (both in-line with the Street estimates). Based on their channel work, the analysts think their estimates are achievable. Adjusted EBITDA is expected to be $81 million (vs. Street’s $86 million). </p> <p>After a noisy Q1 report, the company has become somewhat of a show me story. The analysts believe simply hitting their estimates will be enough to drive shares higher.</p>

NYSE:VVV

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-valvoline’s-upcoming-q2-earnings?

Davit Kirakosyan

Financial Modeling Prep

Datadog Shares Soar 14% on Q1 Beat

2023-05-08 11:47:00

<p><a href='https://financialmodelingprep.com/financial-summary/DDOG'>Datadog, Inc. (NASDAQ:DDOG)</a> shares jumped more than 14% on Thursday after the company beat the Street expectations for Q1 earnings. EPS was $0.28, compared to the Street estimate of $0.24. Revenue came in at $482 million, compared to the Street’s $470.46 million estimate.</p> <p>New logo bookings were a Q1 record as the company continues to add customers albeit at a slightly slower rate. However, guidance remains cautious assuming a continuation of optimization trends through year-end, but with increased leverage.</p> <p>For Q2/23, the company anticipates EPS in the range of $0.27-$0.29, compared to the Street’s $0.26, and revenue in the range of $498-502 million, compared to the Street’s $500.7 million.</p> <p>For the full year, the company sees EPS at $1.13-$1.20, compared to the Street’s $1.08, and revenue at $2.08-2.1 billion, compared to the Street’s $2.09 billion.</p>

NASDAQ:DDOG

https://financialmodelingprep.com/market-news/fmp-datadog-shares-soar-14-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Bausch Health Shares Plunge 20% Since Q1 Miss

2023-05-08 11:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/BHC'>Bausch Health Companies Inc. (NYSE:BHC)</a> shares dropped more than 20% since the company’s reported Q1 results on Thursday.</p> <p>While revenues and adjusted EBITDA came in worse than the Street estimates. Despite a miss in results today, management reiterated 2023 guidance for RemainCo. Management expects operational performance to improve in the remainder of the year aided by seasonality and investments in the business. </p> <p>2023 revenue guidance of $4.45-4.60 billion implies more than 4% year-over-year growth at the mid-point, compared to the 2% year-over-year decline in Q1/23.</p>

NYSE:BHC

https://financialmodelingprep.com/market-news/fmp-bausch-health-shares-plunge-20-since-q1-miss

Davit Kirakosyan

Financial Modeling Prep

ANSYS Reports Better Than Expected Q1 Earnings

2023-05-08 11:37:00

<p><a href='https://financialmodelingprep.com/financial-summary/ANSS'>ANSYS (NASDAQ:ANSS)</a> reported its Q1 earnings results, with EPS of $1.85 beating the Street estimate of $1.61. Revenue came in at $509.4 million, better than the Street estimate of $492.1 million.</p> <p>Results were strong with double-digit ACV growth driven by broad-based strength, consistent execution and resiliency of the platform in a challenging macro backdrop.</p> <p>For Q2/23, management anticipates EPS to be in the range of $1.35-$1.53, compared to the Street estimate of $1.87, and revenue of $473-498 million, compared to the Street estimate of $521.15 million.</p> <p>For the full year, the company expects EPS in the range of $8.39-$8.91, compared to the Street’s $8.65, and revenue of $2.24-2.32 billion, compared to the Street’s $2.29 billion.</p>

NASDAQ:ANSS

https://financialmodelingprep.com/market-news/fmp-ansys-reports-better-than-expected-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

Edgewell Personal Care’s Upcoming Q2/23 Earnings Preview

2023-05-08 10:04:00

<p>RBC Capital analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/EPC'>Edgewell Personal Care Company (NYSE:EPC)</a> ahead of tomorrow’s Q2/23 earnings announcement. </p> <p>The analysts expect the company to post an adjusted EPS of $0.35, which is in line with the Street estimates. The analysts expect this quarter to be driven by strong performance in the Sun & Skincare segment while feminine care also adds to the momentum given increased supply chain stability. </p> <p>While management warns sun care could get more promotional in the second half of the year as consumers come under more pressure, China’s re-opening and the Billie launch into national retailers and Canada should help offset these dynamics through the remainder of 2023 for the company as a whole.</p>

NYSE:EPC

https://financialmodelingprep.com/market-news/fmp-edgewell-personal-care’s-upcoming-q223-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Fortinet Shares Gain 5% on Q1 Beat

2023-05-08 09:54:00

<p><a href='https://financialmodelingprep.com/financial-summary/FTNT'>Fortinet (NASDAQ:FTNT)</a> shares surged more than 5% on Friday after the company reported its Q1 earnings results, with EPS coming in at $0.34, above the Street estimate of $0.29. Revenue was $1.26 billion, beating the Street estimate of $1.2 billion.</p> <p>Results were highlighted by over 35% product growth, 31% service revenue growth (first time above 30% in six years), the eighth consecutive quarter of 30% billings growth, and adjusted Free Cash flow margin of 52%, the highest as a public company. </p> <p>Results continue to benefit from broad-based strength around expanding firewall deployment environments, convergence of security and networking, and increasing vendor and product functionality consolidation.</p>

NASDAQ:FTNT

https://financialmodelingprep.com/market-news/fmp-fortinet-shares-gain-5-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Coty’s Q3 Earnings Tomorrow?

2023-05-08 09:49:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COTY'>Coty Inc. (NYSE:COTY)</a> ahead of the upcoming Q3/23 earnings announcement tomorrow.</p> <p>The analysts expect Q3 adjusted EPS of $0.04, in line with the Street estimates, but anticipate a strong quarter and commentary from management. </p> <p>Given management updated guidance intra-quarter at a recent investor conference, the analysts do not expect too many surprises. With that said, they do expect the stock to continue its strong gains (up more than 30% year-to-date) given ongoing momentum across its prestige and mass businesses, with most competitors in the beauty space putting up solid prints thus far, even with a muted performance from China.</p> <p>Furthermore, the analysts see the possibility for the company to take up a top-line guide for the fiscal year.</p>

NYSE:COTY

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-coty’s-q3-earnings-tomorrow?

Davit Kirakosyan

Financial Modeling Prep

Lyft Shares Plummet 16% After Q1 EPS Miss & Weak Outlook

2023-05-05 08:44:00

<p><a href='https://financialmodelingprep.com/financial-summary/LYFT'>Lyft (NASDAQ:LYFT)</a> shares are down more than 16% pre-market today after the company reported its Q1 earnings results, with EPS coming in at ($0.50), missing the Street estimate of ($0.08).</p> <p>Revenue increased 14% year-over-year to $1 billion, above the Street estimate of $981.71 million. Active riders saw a 9.8% growth year-over-year, with an increase of 4% in the revenue per active rider.</p> <p>Management anticipates Q2/23 revenue to be in the range of $1-1.02 billion, worse than the Street estimate of $1.08 billion. Adjusted EBITDA is expected to be in the range of $20-$30 million.</p>

NASDAQ:LYFT

https://financialmodelingprep.com/market-news/fmp-lyft-shares-plummet-16-after-q1-eps-miss-&-weak-outlook

Davit Kirakosyan

Financial Modeling Prep

Cognizant Stock Gains 6% Following Q1 Beat

2023-05-05 07:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/CTSH'>Cognizant (NASDAQ:CTSH)</a> shares surged more than 6% yesterday after the company posted its Q1 earnings results, with EPS of $1.11 beating the Street estimate of $1.04. Revenue came in at $4.8 billion, better than the Street estimate of $4.73 billion.</p> <p>According to the analysts at RBC Capital, the beat and bookings growth appear to be early signs that management’s focus on (1) the company becoming an employer of choice (attrition improved to 23% vs. 26% last quarter and 30% last year), (2) accelerating large deals, and (3) enhancing operational excellence are beginning to bear fruit.</p> <p>For Q2/23, management anticipates revenue in the range of $4.83-4.88 billion, compared to the Street estimate of $4.86 billion. For the full year, EPS is seen at $4.11-$4.34, compared to the Street estimate of $4.43. Revenue is seen at $19.2-19.6 billion, compared to the Street estimate of $19.56 billion.</p>

NASDAQ:CTSH

https://financialmodelingprep.com/market-news/fmp-cognizant-stock-gains-6-following-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Yum! Brands' Stock Drops 4% on Q1 EPS Miss

2023-05-04 16:30:00

<p><a href='https://financialmodelingprep.com/financial-summary/YUM'>Yum! Brands (NYSE:YUM)</a> plunged nearly 4% yesterday after the company reported its Q1 earnings results, with EPS of $1.06 coming in worse than the Street estimate of $1.13. Revenue was $1.65 billion, compared to the Street estimate of $1.62 billion.</p> <p>The three largest brands delivered high-single-digit comp growth, with momentum carrying forward into Q2. However, higher-than-anticipated expenses weighed on margins and drove the EPS miss. </p> <p>According to the analysts at RBC Capital, the headwinds are temporary and they expect the company to continue to post strong (over 20%) earnings growth for the balance of the year.</p>

NYSE:YUM

https://financialmodelingprep.com/market-news/fmp-yum!-brands-stock-drops-4-on-q1-eps-miss

Davit Kirakosyan

Financial Modeling Prep

The Trade Desk’s Upcoming Q1 Earnings Preview

2023-05-04 16:29:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TTD'>The Trade Desk, Inc. (NASDAQ:TTD)</a> ahead of the upcoming Q1/23 earnings results, scheduled on May 11.</p> <p>The analysts expect the company to deliver a solid quarter but with a smaller beat vs. Street revenue/adjusted EBITDA at $364 million/$79 million, which implies year-over-year revenue growth of 15%.</p> <p>The analysts are optimistic about 2023 and have identified various company-specific factors that could potentially drive growth, in addition to the broader economic recovery.</p> <p>These include: (1) growing exposure to CTV and the potential for more TAM to move to decisioned programmatic as supply increases, (2) growth and durability of retail media, (3) disruption of walled gardens, particularly regulatory challenges around Google, (4) expanded use of third-party data through Solimar, and (5) CTV helping to drive international revenue growth.</p>

NASDAQ:TTD

https://financialmodelingprep.com/market-news/fmp-the-trade-desk’s-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Bausch + Lomb Reports Q1 Revenue Beat But Misses on Guidance

2023-05-04 16:27:00

<p><a href='https://financialmodelingprep.com/financial-summary/BLCO'>Bausch + Lomb Corporation (NYSE:BLCO)</a> posted its Q1 earnings results yesterday, with EPS of $0.10 coming in below the Street estimate of $0.14. However, revenue of $931 million beat the Street estimate of $895.84 million.</p> <p>The company provided its outlook on the full 2023 year, expecting revenue to be in the range of $3.9-3.95 billion, compared to the Street estimate of $5.32 billion.</p> <p>The company expects organic growth of approximately 5-6% year-over-year for 2023, compared to 5% growth in 2022 and 8% growth in Q1/23.</p>

NYSE:BLCO

https://financialmodelingprep.com/market-news/fmp-bausch-+-lomb-reports-q1-revenue-beat-but-misses-on-guidance-

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Magnite’s Upcoming Q1 Earnings?

2023-05-04 16:23:00

<p>RBC Capital shared its views on <a href='https://financialmodelingprep.com/financial-summary/MGNI'>Magnite (NASDAQ:MGNI)</a> ahead of the upcoming Q1 earnings, which will be released on May 10.</p> <p>The analysts continue to have incremental confidence around continued strength in adjusted EBITDA compared to the midpoint guide of $93 million though more substantial improvements in the margin will come in H2/23.</p> <p>After a challenging year-end, the analysts feel incrementally more positive about results against the Q1 guide with checks pointing to stabilization of trends relative to when guidance was given in mid-February. That said, 2023 guidance will likely remain conservative, pointing towards a back-half loaded year, as the analysts remain mindful of any downward pressure on results due to macros.</p>

NASDAQ:MGNI

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-magnite’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Invitation Homes Report Better Than Expected Q1 Results

2023-05-04 15:03:00

<p><a href='https://financialmodelingprep.com/financial-summary/INVH'>Invitation Homes Inc. (NYSE:INVH)</a> reported its Q1 earnings results, with EPS coming in at $0.20, better than the Street estimate of $0.16. Revenue was $590 million, beating the Street estimate of $579.26 million.</p> <p>The company showed progress on rent growth, bad debt and expenses. Most notably, April's new lease growth of 7.5% is well above expectations.</p> <p>The company left all its 2023 guidance items unchanged but did note that Q1/23 expenses came in better than expected, while bad debt and market rent growth are also ahead of plan.</p>

NYSE:INVH

https://financialmodelingprep.com/market-news/fmp-invitation-homes-report-better-than-expected-q1-results-

Davit Kirakosyan

Financial Modeling Prep

AerCap Reports Q1 EPS & Revenue Beat

2023-05-04 08:37:00

<p><a href='https://financialmodelingprep.com/financial-summary/AER'>AerCap Holdings (NYSE:AER)</a> reported its Q1 earnings results on Tuesday, with EPS of $2.34 coming in better than the Street estimate of $1.95. Revenue was $1.87 billion, beating the Street estimate of $1.76 billion.</p> <p>The company affirmed its 2023 adjusted EPS guide ($7.00 - $7.50 excluding gains on sale) at the higher end, reflecting its confidence in the outlook for 2023. Furthermore, AER’s Board has approved a new share repurchase authorization of up to $500 million.</p> <p>According to the analysts at Deutsche Bank, the current weakness in shares represents a good buying opportunity as fundamentals remain very favorable and valuation remains attractive.</p>

NYSE:AER

https://financialmodelingprep.com/market-news/fmp-aercap-reports-q1-eps-&-revenue-beat

Davit Kirakosyan

Financial Modeling Prep

Starbucks Shares Plunge 9% Following Q2 Earnings Announcement

2023-05-03 17:53:00

<p><a href='https://financialmodelingprep.com/financial-summary/SBUX'>Starbucks (NASDAQ:SBUX)</a> shares plummeted more than 9% today after the company reported its Q2 results. While EPS of $0.74 and revenue of $8.7 billion came in better than the Street estimates of $0.65 and $8.4 billion, respectively, 2023 guidance remained unchanged, balancing better-than-expected Q2 results with uncertainty looking ahead.</p> <p>Global comp sales grew 11% during the Q2, compared to the Street estimate of 7.5%, aided by a North American comp growth of 12% and International growth of 7%.</p> <p>Analysts at RBC Capital see the potential for the more cautious outlook to weigh on shares in the very near term while acknowledging that H2 guidance could ultimately prove conservative. The analysts lowered their price target to $110 from $115 while reiterating their Sector Perform rating.</p>

NASDAQ:SBUX

https://financialmodelingprep.com/market-news/fmp-starbucks-shares-plunge-9-following-q2-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

SM Energy Reports Q1 EPS Beat But Revenues Lower Than Expected

2023-05-03 17:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/SM'>SM Energy (NYSE:SM)</a> reported its Q1 results, with EPS of $1.62 beating the Street estimate of $1.28. Revenue was $573.5 million, coming in worse than the Street estimate of $584.7 million.</p> <p>Production outperformance in Q1 was largely related to improved well performance and bringing on 7 new wells a week early. </p> <p>The strong performance from the South Texas wells and a good base decline on PDP wells bode well for free cash flow in 2023. Operational efficiency is also improving with faster drilling times resulting from co-development.</p>

NYSE:SM

https://financialmodelingprep.com/market-news/fmp-sm-energy-reports-q1-eps-beat-but-revenues-lower-than-expected

Davit Kirakosyan

Financial Modeling Prep

OneMain Financial Reports Q1 Revenue Beat, While EPS Misses Expectations

2023-05-03 17:49:00

<p><a href='https://financialmodelingprep.com/financial-summary/OMF'>OneMain Financial (NYSE:OMF)</a> reported its Q1 earnings results last week, with EPS coming in at $1.46, worse than the Street estimate of $1.66. Revenue was $1.03 billion, compared to the Street estimate of $1.02 billion.</p> <p>Loan portfolio growth was better than expected, with managed receivables above expectations and origination volumes slightly higher than expected. </p> <p>Management commented on seeing strong demand for the company’s products, despite a tight credit box. Management indicated originations are trending to a mid-single-digit growth rate.</p>

NYSE:OMF

https://financialmodelingprep.com/market-news/fmp-onemain-financial-reports-q1-revenue-beat-while-eps-misses-expectations

Davit Kirakosyan

Financial Modeling Prep

Ametek Reports Better Than Expected Q1, Provides Solid Outlook

2023-05-03 17:47:00

<p><a href='https://financialmodelingprep.com/financial-summary/AME'>Ametek (NYSE:AME)</a> reported its Q1 earnings results yesterday, with EPS of $1.49 coming in better than the Street estimate of $1.41. Revenue was $1.6 billion, beating the Street estimate of $1.54B. Incrementals were solid at 38% and free cash flow conversion was an impressive 120%. </p> <p>The company also announced a bolt-on acquisition of Bison Gear for about $100 million. A niche manufacturer of precision linear motion control, Bison bolsters Ametek’s automation offerings.</p> <p>For the full 2023 year, the company expects EPS to be in the range of $5.96-$6.10, compared to the Street estimate of $5.99.</p>

NYSE:AME

https://financialmodelingprep.com/market-news/fmp-ametek-reports-better-than-expected-q1-provides-solid-outlook

Davit Kirakosyan

Financial Modeling Prep

Ares Management Reports Q1 EPS Miss

2023-05-03 06:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/ARES'>Ares Management (NYSE:ARES)</a> reported its Q1 earnings results on Friday, with EPS of $0.71 coming in worse than the Street estimate of $0.81. Fee-related earnings were $254.6 million. Realized performance income came in at $31.1 million.</p> <p>Management believes capital deployment in Q1 ($12.9 billion gross deployment) was low due to seasonality and decreased market activity.</p> <p>Analysts at RBC Capital maintained their view of a strong fundraising outlook for the company this year and noted that disruption in the bank industry could present capital deployment opportunities. The analysts raised their price target to $105 from $100 while reiterating their Outperform rating.</p>

NYSE:ARES

https://financialmodelingprep.com/market-news/fmp-ares-management-reports-q1-eps-miss

Davit Kirakosyan

Financial Modeling Prep

McKesson’s Upcoming Q4 Earnings Preview

2023-05-03 06:56:00

<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MCK'>McKesson Corporation (NYSE:MCK)</a> ahead of the company’s upcoming Q4/23 earnings release, scheduled on May 8.</p> <p>The company should provide initial 2024 guidance. The current Street estimates stand at $26.22 for 2024 EPS, which represents very modest low-single-digit EPS growth compared with the company’s 2023 EPS guidance range of $25.75-$26.15. </p> <p>While this growth would be below the company’s long-term EPS growth target in the range of 12%-14% EPS growth, the company has several large contributors to EPS in 2023 that when backed out, sets a lower core starting base for 2024 guide to be within long-term growth trend.</p> <p>The analysts reiterated their Buy rating and $430 price target on the stock.</p>

NYSE:MCK

https://financialmodelingprep.com/market-news/fmp-mckesson’s-upcoming-q4-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

ZoomInfo Technologies Report EPS Beat & In-Line Revenues

2023-05-02 16:27:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZI'>ZoomInfo Technologies Inc. (NASDAQ:ZI)</a> reported its Q1 earnings results yesterday, with EPS of $0.24 coming in better than the Street estimate of $0.22. Revenue was $300.7 million, in line with the Street estimate of $300.13 million.</p> <p>Management maintained its guidance, supported by slightly better new business trends and signs of improvement in April. For Q2/23, the company expects EPS to be in the range of $0.22-$0.23, compared to the Street estimate of $0.23, and revenue of $310-312 million, compared to the Street estimate of $311.3 million.</p> <p>For the full year, the company anticipates EPS in the range of $0.99-$1.01, compared to the Street estimate of $0.98, and revenue of $1.275-1.285 billion, compared to the Street estimate of $1.28 billion.</p>

NASDAQ:ZI

https://financialmodelingprep.com/market-news/fmp-zoominfo-technologies-report-eps-beat-&-in-line-revenues

Davit Kirakosyan

Financial Modeling Prep

Hershey Foods Shares Up 5% Since Q1 Beat

2023-05-02 16:24:00

<p><a href='https://financialmodelingprep.com/financial-summary/HSY'>Hershey Foods (NYSE:HSY)</a> shares rose nearly 5% since the company reported its Q1 results last week, with EPS of $2.96 coming in better than the Street estimate of $2.67. Revenue was $2.99 billion, compared to the Street estimate of $2.9 billion.</p> <p>Given the strong start to the year and increased visibility into customer demand and supply chain costs (although cocoa and sugar prices have started to go up), the company was able to raise its guide to the top end of its initial range. </p> <p>The company expects full 2023-year EPS to be in the range of $9.29-$9.46, compared to the Street estimate of $9.41.</p>

NYSE:HSY

https://financialmodelingprep.com/market-news/fmp-hershey-foods-shares-up-5-since-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Kellogg’s Upcoming Q1 Earnings Preview

2023-05-02 16:20:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/K'>Kellogg Company (NYSE:K)</a> ahead of the upcoming Q1/23 earnings, which are scheduled to be released on Thursday.</p> <p>The analysts expect adjusted EPS of $0.99 for Q1/23, in line with the Street estimate. Overall, the analysts expect Kellogg to clear the consensus bar this quarter (and note that consensus is already at the higher end of the company’s full-year guidance). </p> <p>Given strong beat-and-raises across the board from packaged food competitors, the analysts see the possibility for Kellogg to be able to reaffirm or raise its guidance this quarter. However, if guidance is raised, it will be on the basis of a strong Q1 and likely will not materially change the outlook for the balance of the year as the company laps difficult comps and faces macro uncertainty. </p>

NYSE:K

https://financialmodelingprep.com/market-news/fmp-kellogg’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Stryker Shares Down 2% Despite Q1 Beat & Raised Outlook

2023-05-02 16:18:00

<p><a href='https://financialmodelingprep.com/financial-summary/SYK'>Stryker (NYSE:SYK)</a> shares were trading more than 2% lower intra-day today despite the company posting strong Q1 earnings and raising its 2023 outlook.</p> <p>Q1 EPS came in at $2.14, better than the Street estimate of $2.01, driven by broad-based growth, especially in Orthopedics. Revenue was $4.8 billion, beating the Street estimate of $4.56 billion.</p> <p>The company raised its 2023 organic sales growth outlook to 8.50% at the midpoint (range: 8.0–9.0%) and EPS guidance to $10.15 at the midpoint, ahead of the Street’s 7.3% and $10.03, respectively. </p> <p>Management expects the strong business momentum to continue throughout the rest of the year with a strong order book and a “super cycle” of new products.</p>

NYSE:SYK

https://financialmodelingprep.com/market-news/fmp-stryker-shares-down-2-despite-q1-beat-&-raised-outlook

Davit Kirakosyan

Financial Modeling Prep

SoFi Technologies Beats Q1, But Shares Dropped 20% on Declining Galileo Accounts

2023-05-02 12:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/SOFI'>SoFi Technologies (NASDAQ:SOFI)</a> dropped more than 20% since yesterday’s Q1 earnings report. EPS came in at ($0.05), better than the Street estimate of ($0.08). Revenue was $460.16 million, beating the Street estimate of $441.12 million.</p> <p>Although the company beat earnings estimates, the stock sold off as Galileo accounts declined for the first time leading to SoFi’s tech revenue dropping to $78 million, and on-balance-sheet loans continued to build up despite being designated for sale. </p> <p>SoFi did not sell any whole loans in their personal lending portfolio, which raises concerns about their ability to offload these loans in the future.</p> <p>For Q2/23, the company expects revenue in the range of $470-480 million, compared to the Street estimate of $473.39 million. For the full year, the company expects revenue of $1.955-2.02 billion, compared to the Street estimate of $1.99 billion.</p>

NASDAQ:SOFI

https://financialmodelingprep.com/market-news/fmp-sofi-technologies-beats-q1-but-shares-dropped-20-on-declining-galileo-accounts

Davit Kirakosyan

Financial Modeling Prep

iPhone Demand Softening in March

2023-05-02 12:12:00

<p>UBS said that <a href='https://financialmodelingprep.com/financial-summary/AAPL'>Apple (NASDAQ:AAPL)</a> iPhone demand experienced a notable softening in March. The analysts noted that the sell-through of iPhones dropped by almost 4% year-on-year, with iPhone sell-through in the US, Apple's biggest market, falling by 8% year-on-year. This was the lowest number of units sold in the US since September 2020, with the trend attributed to soft upgrade rates at telecoms firms AT&T, Verizon and T-Mobile. </p> <p>Despite this, China saw a 6.7% year-on-year increase in iPhone sell-through to 3.8 million units in March. Europe remained a soft market, with 2.9 million units sold, representing a 22% year-on-year decline.</p> <p>The analysts expect Q1/23 iPhone builds to be at around 51 million, down 13% year-on-year and 30% quarter-on-quarter.</p>

NASDAQ:AAPL

https://financialmodelingprep.com/market-news/fmp-iphone-demand-softening-in-march-

Davit Kirakosyan

Financial Modeling Prep

Chemours Reports Better Than Expected Q1 Results

2023-05-02 12:08:00

<p><a href='https://financialmodelingprep.com/financial-summary/CC'>Chemours (NYSE:CC)</a> reported its Q1 earnings on Thursday, with EPS coming in at $0.98, better than the Street estimate of $0.54. Revenue was $1.6 billion, beating the Street estimate of $1.46 billion.</p> <p>The company reaffirmed its 2023 EBITDA guidance of $1.2–1.3 billion, compared to the Street estimate of $1.24 billion. Adjusted EPS guidance is essentially unchanged at $3.78–4.28, compared to the prior guidance of $3.80-$4.29.</p> <p>The company expects a weaker start to 2023, with conditions improving into the second half of the year, with continued secular growth in TSS and APM.</p>

NYSE:CC

https://financialmodelingprep.com/market-news/fmp-chemours-reports-better-than-expected-q1-results

Davit Kirakosyan

Financial Modeling Prep

Newell Brands Shares Fall 17% Since Q1 Earnings Release

2023-05-02 12:07:00

<p><a href='https://financialmodelingprep.com/financial-summary/NWL'>Newell Brands (NASDAQ:NWL)</a> shares plunged more than 17% since the company’s reported Q1 results on Friday, with EPS of ($0.06) coming in worse than the Street estimate of ($0.03). Revenue was $1.81 billion, compared to the Street estimate of $1.8 billion.</p> <p>The company experienced another tough quarter as discretionary spend remains pressured, retailers’ lower inventory, and poor West Coast weather delay outdoor activities. This wasn’t a huge surprise given industry commentary around lower consumer electronics demand and West Coast weather dynamics.</p> <p>For Q2/23, the company expects EPS in the range of $0.10-$0.18, compared to the Street estimate of $0.38, and revenue of $2.13-2.24 billion, compared to the Street estimate of $2.198 billion.</p> <p>For the full year, the company expects EPS of $0.95-$1.08, compared to the Street’s $1.04, and revenue of $8.4-8.6 billion, compared to the Street’s $8.537 billion.</p>

NASDAQ:NWL

https://financialmodelingprep.com/market-news/fmp-newell-brands-shares-fall-17-since-q1-earnings-release

Davit Kirakosyan

Financial Modeling Prep

Datadog’s Upcoming Q1 Earnings Preview

2023-05-02 12:04:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/DDOG'>Datadog, Inc. (NASDAQ:DDOG)</a> ahead of the upcoming Q1/23 earnings, scheduled to be released on Thursday.</p> <p>The analysts look for essentially in-line quarterly results as management took a prudent view of guidance assuming no improvement in cloud cost optimization trends seen in the H2 of December. </p> <p>While guidance looked conservative and the company saw record new logo ARR bookings in Q4/22, cloud usage trends appear to have deteriorated and a mid-quarter outage likely removes the opportunity for additional revenue upside. </p> <p>Shares have been under pressure and feel fairly depressed as any signs of cloud usage improvements are likely rewarded. The analysts cut their price target to $85 from $100 while reiterating their Outperform rating.</p>

NASDAQ:DDOG

https://financialmodelingprep.com/market-news/fmp-datadog’s-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Olin Reports Q1 EPS & Revenue Miss

2023-05-02 11:52:00

<p><a href='https://financialmodelingprep.com/financial-summary/OLN'>Olin Corp. (NYSE:OLN)</a> reported its Q1 earnings results, with EPS of $1.16 coming in worse than the Street estimate of $1.34. Revenue was $1.84 billion, missing the Street estimate of $2.05 billion.</p> <p>Management expects Q2 EBITDA to be sequentially lower than Q1/23, with the Chemical businesses to be slightly lower than Q1 levels as weak caustic and epoxy market conditions continue, and Winchester to increase sequentially from Q1/23 as inventories normalize and international military ammunition demand growth is anticipated. </p> <p>This implies roughly $425-430 million EBITDA in Q2/23. The company’s full-year 2023 EBITDA guidance is in a tighter range of $1.6B-$1.9 billion, compared to the Street estimate of $1.5-$2.0 billion.</p>

NYSE:OLN

https://financialmodelingprep.com/market-news/fmp-olin-reports-q1-eps-&-revenue-miss

Davit Kirakosyan

Financial Modeling Prep

Coursera Shares Surge 12% Since Q1 Results

2023-05-01 17:44:00

<p><a href='https://financialmodelingprep.com/financial-summary/COUR'>Coursera (NYSE:COUR)</a> shares rose more than 12% since the company reported its Q1 results on Thursday, with revenue coming in at $147.6 million, beating the consensus estimate of $138.51 million. EPS was ($0.22), compared to the Street estimate of ($0.11). </p> <p>Consumer continues to demonstrate resiliency, with stable growth (accelerated on a two-year stack), which drove most of the upside in the quarter. Meanwhile, Degrees remains on track for a second-half rebound and Enterprise continues to decelerate against a tough macro backdrop.</p> <p>For Q2/23, the company expects revenue in the range of $143-147 million, compared to the Street estimate of $143.5 million. For the full year, the company estimates revenue in the range of $600-610 million, compared to the Street estimate of $600.9 million.</p>

NYSE:COUR

https://financialmodelingprep.com/market-news/fmp-coursera-shares-surge-12-since-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Invesco Reports Q1 EPS Beat, But Revenues Slightly Lower

2023-05-01 17:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/IVZ'>Invesco (NYSE:IVZ)</a> reported its Q1 earnings last week, with EPS of $0.38 beating the Street estimate of $0.36. However, revenue of $1.08 billion slightly missed the Street estimate of $1.09 billion.</p> <p>RBC Capital analysts provided their views following the earnings announcement. Overall, incoming CEO Mr. Schlossberg's comments on the call reaffirmed RBC’s view of a relatively unchanged longer-term strategy for the company. According to the analysts, the emphasis remains on potential growth areas: ETFs, the greater China region, private markets, active fixed income, and active global equities. </p>

NYSE:IVZ

https://financialmodelingprep.com/market-news/fmp-invesco-reports-q1-eps-beat-but-revenues-slightly-lower

Davit Kirakosyan

Financial Modeling Prep

Rollins Shares Up 5% Since Q1 Earnings Beat

2023-05-01 17:39:00

<p><a href='https://financialmodelingprep.com/financial-summary/ROL'>Rollins (NYSE:ROL)</a> shares rose nearly 5% since the company reported its Q1 earnings results on Wednesday, with EPS of $0.18 coming in better than the Street estimate of $0.17. Revenue was $658 million, beating the Street estimate of $641.47 million.</p> <p>In contrast to concerns around growth slowing down, the company delivered further acceleration in organic growth to 9.2%, driven by broad-based momentum across all segments. </p> <p>Adjusted EBITDA margin of 21.1% grew by approximately 130bps year-over-year highlighting robust revenue, pricing actions, and solid execution. </p> <p>Analysts at RBC Capital expect the company to use its strong free cash flow and under-levered balance sheet to pursue bolt-on acquisitions over transformational M&A until the Fox integration is complete.</p>

NYSE:ROL

https://financialmodelingprep.com/market-news/fmp-rollins-shares-up-5-since-q1-earnings-beat

Davit Kirakosyan

Financial Modeling Prep

Amazon Beats Q1, But Shares Fall on Light AWS Outlook

2023-05-01 05:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon (NASDAQ:AMZN)</a> reported its Q1 earnings, with EPS of $0.31 coming in better than the Street estimate of $0.21. Revenue was $127.4 billion, beating the Street estimate of $124.55 billion.</p> <p>Retail margins continued outperforming with a solid Q1 and Q2 guide, but the AWS revenue outlook was light and it’s not clear that Q2 (or even Q3) necessarily represents the trough. The unprecedented AWS deceleration represents some new multiple compression risk to the name where clarity on reacceleration timing may take a few quarters. As a result, shares closed nearly 4% lower on Friday.</p> <p>For Q2/23, the company expects revenue in the range of $127-$133 billion, compared to the Street estimate of $129.8 billion.</p>

NASDAQ:AMZN

https://financialmodelingprep.com/market-news/fmp-amazon-beats-q1-but-shares-fall-on-light-aws-outlook

Davit Kirakosyan

Financial Modeling Prep

Pentair Shares Surge 10% on Q1 Beat

2023-05-01 05:52:00

<p><a href='https://financialmodelingprep.com/financial-summary/PNR'>Pentair (NYSE:PNR)</a> shares jumped nearly 10% on Thursday after the company reported its Q1 results, with EPS coming in at $0.91, better than the Street estimate of $0.77. Revenue was $1.03 billion, beating the Street estimate of $998.33 million.</p> <p>The company raised the low end of its 2023 EPS guidance by $0.10, 2% above the Street estimate. Pool (35% of revenues) still has near-term challenges, with excess channel inventory, tough comps, and tighter credit markets draining some demand for new pools/renovations. </p> <p>Upside cost savings from transformational initiatives are raising the quality of the earnings as reflected in boosted 2023 segment income/ROS guidance.</p>

NYSE:PNR

https://financialmodelingprep.com/market-news/fmp-pentair-shares-surge-10-on-q1-beat-

Davit Kirakosyan

Financial Modeling Prep

Wayfair’s Upcoming Q1 Earnings Preview

2023-05-01 05:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/W'>Wayfair (NYSE:W)</a> will report its Q1/23 earnings on May 4. RBC Capital analysts shared their outlook, expecting a net sales decline of 9% year-over-year (in-line with Street estimates) and EBITDA of ($74) million, compared to the Street estimate of ($78) million. </p> <p>The analysts estimate Q1 active customers of 21.8 million, down 1.1% quarter-over-quarter, which would mark the 8th straight quarter of sequential declines. </p> <p>The analysts said they will be paying particular attention to (1) how Q2-to-date gross sales are trending relative to the implied Q1 exit rate, and (2) if management makes a firmer commitment to the timing of profitability.</p>

NYSE:W

https://financialmodelingprep.com/market-news/fmp-wayfair’s-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

eBay Stock Surges 5% Following Strong Q1 Results

2023-04-28 11:22:00

<p><a href='https://financialmodelingprep.com/financial-summary/EBAY'>eBay (NASDAQ:EBAY)</a> shares surged more than 5% yesterday after the company released its Q1 earnings, with EPS of $1.11 coming in above the Street estimate of $1.07. Revenue was $2.5 billion, compared to the Street estimate of $2.49 billion.</p> <p>The company provided its outlook for Q2/23, expecting EPS to be in the range of $0.96-$1.01, compared to the Street estimate of $0.99. Revenue is seen at $2.47-2.54 billion, compared to the Street estimate of $2.43 billion.</p> <p>According to the analysts at Deutsch Bank, the company delivered objectively strong Q1 results and a reasonably constructive Q2 outlook against tepid investor sentiment. </p> <p>The analysts believe expectations are now for the company to exit fiscal 2023 with GMV close to flat year-over-year, setting the stage for a return to sustainable mid-single-digit volume growth in 2024.</p>

NASDAQ:EBAY

https://financialmodelingprep.com/market-news/fmp-ebay-stock-surges-5-following-strong-q1-results-

Davit Kirakosyan

Financial Modeling Prep

PTC Reports Better Than Expected Q2 Results

2023-04-28 11:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC (NASDAQ:PTC)</a> reported its Q2 earnings on Wednesday, with EPS coming in at $1.16, better than the Street estimate of $1.13. Revenue was $542.18 million, beating the Street estimate of $537.85 million.</p> <p>Despite what continues to be an uneven macro, the company again delivered solid results, noting strength across all geos and product lines. ARR continues to beat expectations as management noted "outstanding" churn rates as well as an improved quarter for bookings following a softer start to the year. </p> <p>Following the results, analysts at RBC Capital raised their price target to $158 from $155, reiterating their Outperform rating.</p>

NASDAQ:PTC

https://financialmodelingprep.com/market-news/fmp-ptc-reports-better-than-expected-q2-results-

Davit Kirakosyan

Financial Modeling Prep

Meta Shares Jump 14% on Q1 Beat

2023-04-27 17:24:00

<p><a href='https://financialmodelingprep.com/financial-summary/META'>Meta Platforms (NASDAQ:META)</a> shares surged nearly 14% today after the company reported its Q1 earnings results, with EPS coming in at $2.20, beating the Street estimate of $2.02. Revenue was $28.65 billion, better than the Street estimate of $27.61 billion.</p> <p>Family daily active people and Family monthly active people grew 5% year-over-year to 3.02 billion, and 3.81 billion, respectively. The company expects Q2/23 revenue to be in the range of $29.5-32 billion, compared to the Street estimate of $29.5 billion. </p> <p>RBC Capital analysts believe further upside from here is still achievable on engagement share gains and ongoing conversion improvement eventually will lead to incremental spend. The analysts raised their price target to $285 from $225 while maintaining their Outperform rating. </p>

NASDAQ:META

https://financialmodelingprep.com/market-news/fmp-meta-shares-jump-14-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Dover Reports Better Than Expected Q1 Results, Reiterates Guidance

2023-04-27 17:21:00

<p><a href='https://financialmodelingprep.com/financial-summary/DOV'>Dover (NYSE:DOV)</a> reported its Q1 earnings results yesterday, with EPS of $1.94 coming in above the Street estimate of $1.93. Revenue was $2.08 billion, slightly better than the Street estimate of $2.07 billion.</p> <p>Organic growth came in at 2.9%. As expected, the company’s bookings were down 3.7% year-over-year as easing the supply chain and improving lead times led to normalizing order patterns.</p> <p>Free cash flow conversion was strong at approximately 70%, well above its Q1 average of 7%. 2023 EPS and growth guidance were reaffirmed. For 2023, the company expects EPS to be in the range of $8.85-$9.05, compared to the Street estimate of $8.94. Full-year revenue growth is seen at 3%-5%.</p>

NYSE:DOV

https://financialmodelingprep.com/market-news/fmp-dover-reports-better-than-expected-q1-results-reiterates-guidance-

Davit Kirakosyan

Financial Modeling Prep

ServiceNow Reports Better Than Expected Q1 Results

2023-04-27 17:17:00

<p><a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow (NYSE:NOW)</a> reported strong Q1 results yesterday, beating expectations as demand trends remained durable, including growth in the financial services vertical, despite broader volatility.</p> <p>Q1 EPS came in at $2.37, beating the Street estimate of $2.04. Revenue was $2.14 billion, better than the Street estimate of $2.08 billion.</p> <p>According to the analysts at RBC Capital, the sales pipeline remains strong as they believe management remains prudent in the near term. That said, due to FX and ongoing macro pressures, the analysts believe long-term targets likely move lower at the upcoming investor day, which is something investors expected. </p> <p>For the full year, the company expects subscription revenues to be in the range of $8.47-$8.52 billion.</p>

NYSE:NOW

https://financialmodelingprep.com/market-news/fmp-servicenow-reports-better-than-expected-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Newell Brands’ Upcoming Q1 Earnings Preview

2023-04-27 17:14:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NWL'>Newell Brands Inc. (NASDAQ:NWL)</a> ahead of the Q1/23 earnings, scheduled to be reported tomorrow before the market opens.</p> <p>The analysts expect Q1/23 adjusted EPS of ($0.03), generally in line with the Street estimate of ($0.04). Expectations for the quarter are muted due to the company's Q1 guide, which was materially lower than expectations (attributable to retailer inventory management and consumers diverting spend away from discretionary categories) and concerns over the macro environment. </p> <p>According to the analysts, the above-average rain/snow on the West Coast may pressure the Outdoor & Recreation segment, and China's performance across industries in Q1 hasn't shined (brighter outlook looking forward). Overall, the analysts do not expect management to cut guidance for the full year as it was initially conservative.</p>

NASDAQ:NWL

https://financialmodelingprep.com/market-news/fmp-newell-brands’-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

General Motors Shares Fall 6% Since Q1 Earnings Announcement

2023-04-27 13:29:00

<p><a href='https://financialmodelingprep.com/financial-summary/GM'>General Motors (NYSE:GM)</a> shares fell more than 6% since the company reported its Q1 results on Tuesday, with EPS and revenue beat being overshadowed by the H2/23 downshift and sequential price deterioration implied by the 2023 guidance.</p> <p>Q1 EPS came in at $2.21, better than the Street estimate of $1.70. Revenue was $40 billion, compared to the Street estimate of $38.4 billion. For 2023, the company expects GAAP net income attributable to stockholders in the range of $8.4-$9.9 billion, down from the previous range of $8.7-$10.1 billion.</p> <p>The implication is that 2024 EBIT could be lower year-over-year, fueling the fire of investors worried about peak Auto earnings. Though to be clear, management indicated so far through April pricing and demand are holding up.</p>

NYSE:GM

https://financialmodelingprep.com/market-news/fmp-general-motors-shares-fall-6-since-q1-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

MSCI Plunge 13% Following Q1 Earnings Results

2023-04-27 13:26:00

<p><a href='https://financialmodelingprep.com/financial-summary/MSCI'>MSCI (NYSE:MSCI)</a> share plunged more than 13% on Tuesday after the company reported its Q1 earnings results, with ESG new sales declining significantly, overall sales cycles being elongated, and fewer larger deals being made as clients tighten budgets. However, the sales pipeline and depth of client engagement remain steady.</p> <p>Q1 EPS was $3.14, better than the Street estimate of $3.01. Revenue came in at $592.2 million, roughly in line with the Street estimate of $592.35 million.</p> <p>Despite challenging macro, subscription growth was robust at 12%. However, the analysts at RBC Capital noted that they monitor the impact of sales slowdown and moderating retention on subscription growth. Positively, ABF headwinds moderate and should rebound in the second half of 2023.</p>

NYSE:MSCI

https://financialmodelingprep.com/market-news/fmp-msci-plunge-13-following-q1-earnings-results-

Davit Kirakosyan

Financial Modeling Prep

Chipotle Mexican Grill Shares Jump 13% on Q1 Beat

2023-04-26 16:16:00

<p><a href='https://financialmodelingprep.com/financial-summary/CMG'>Chipotle Mexican Grill (NYSE:CMG)</a> shares surged more than 13% intra-day today after the company reported its Q1 earnings, with EPS of $10.50 beating the Street estimate of $8.95. Revenue was $2.4 billion, better than the Street estimate of $2.34 billion.</p> <p>The company's Q1 comp growth of 10.9% exceeded both the Street expectations of 8.6% and guidance of high-single-digit growth. The top-line performance was driven by strong on-premise dining growth, menu innovation, sustained digital strength, and increased pricing of approximately 10%.</p> <p>For the full 2023 year, the company anticipates comparable restaurant sales to grow in the mid to high-single-digit range.</p>

NYSE:CMG

https://financialmodelingprep.com/market-news/fmp-chipotle-mexican-grill-shares-jump-13-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Alphabet Reports Better Than Expected Q1 Earnings

2023-04-26 16:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/GOOG'>Alphabet (NASDAQ:GOOG)</a> reported its Q1 earnings results yesterday, with EPS of $1.17 beating the Street estimate of $1.08. Revenue grew 3% year-over-year to $69.8 billion, roughly in line with the company’s outlook, but significantly better than the Street estimate of $68.87 billion.</p> <p>According to the analysts at Deutsche Bank, the main takeaway from the results was the stabilizing growth trends at Search and YouTube, which beat Street expectations by approximately 2% and 1%, respectively. YouTube also showed promising signs of revenue growth stabilization, increased short engagement, and improving monetization trends. Cloud revenue grew 28% year-over-year, in line with Street estimates.</p>

NASDAQ:GOOG

https://financialmodelingprep.com/market-news/fmp-alphabet-reports-better-than-expected-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

3M Reports Q1 Beat & Reiterates Guidance, Announces Restructuring Plan

2023-04-26 16:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/MMM'>3M Co. (NYSE:MMM)</a> reported its Q1 results yesterday, with EPS coming in at $1.97, above the Street estimate of $1.58. Quarterly revenue was $8 billion, beating the Street estimate of $7.48 billion.</p> <p>2023 EPS guidance was reaffirmed and did not flow through the beat. The company expects full-year EPS of $8.50-$9.00, compared to the Street estimate of $8.60. Full-year adjusted revenues are expected to decline from 2% to 6%.</p> <p>The macro continues to be challenging for the company, with ongoing supply chain weakness and de-stocking especially in consumer-related markets. </p> <p>The company announced a new restructuring plan and expects $700-$900 million in both charges and benefits. The plan includes both structural cost-out and headcount reduction of 6,000 employees (approximately 9% of the total headcount).</p>

NYSE:MMM

https://financialmodelingprep.com/market-news/fmp-3m-reports-q1-beat-&-reiterates-guidance-announces-restructuring-plan

Davit Kirakosyan

Financial Modeling Prep

Crown Castle Shares Down 19% Since Q1 Earnings Announcement

2023-04-26 16:10:00

<p><a href='https://financialmodelingprep.com/financial-summary/CCI'>Crown Castle (NYSE:CCI)</a> shares fell around 10% since the company reported its Q1 results last Wednesday, with revenue of $1.62 billion coming in worse than the Street estimate of $1.76 billion. EPS was $1.91, compared to the Street estimate of $1.89. </p> <p>While tower site leasing revenue was below the Street estimate by 0.1%, small cell/fiber leasing revenue came in 5.0% above expectations. Adjusted EBITDA was $1.104 billion (62.3% margin), compared to the Street estimate of $1.094 billion (61.9% margin). </p> <p>The company reiterated its 2023 outlook, including midpoints for site rental revenue of $6.511 billion, site rental cash flow of $4.845 billion, and adjusted EBITDA of $4.472 million.</p>

NYSE:CCI

https://financialmodelingprep.com/market-news/fmp-crown-castle-shares-down-19-since-q1-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

PepsiCo Reports Q1 Beat & Raises 2023 Outlook

2023-04-26 06:34:00

<p><a href='https://financialmodelingprep.com/financial-summary/PEP'>PepsiCo (NASDAQ:PEP)</a> shares rose more than 2% yesterday after the company reported its Q1 earnings results, with EPS of $1.50 coming in better than the Street estimate of $1.38. Revenue was $17.85 billion, beating the Street estimate of $17.24 billion.</p> <p>The company raised its full 2023-year guidance following a boost in prices, which allowed it to surpass Q1 estimates, despite facing higher input costs.</p> <p>The company now expects full-year core EPS of $7.27 (vs. $7.20 prior), above the Street estimate of $7.26. Full-year organic growth is expected to be 8% (vs. 6% prior).</p>

NASDAQ:PEP

https://financialmodelingprep.com/market-news/fmp-pepsico-reports-q1-beat-&-raises-2023-outlook

Davit Kirakosyan

Financial Modeling Prep

PulteGroup Reports Better Than Expected Q1 Results

2023-04-26 06:32:00

<p><a href='https://financialmodelingprep.com/financial-summary/PHM'>PulteGroup (NYSE:PHM)</a> reported its Q1 earnings results yesterday, with EPS coming in at $2.35, better than the Street estimate of $1.82. Revenue was $3.5 billion, beating the Street estimate of $3.26 billion.</p> <p>The company closed 6,394 homes in the quarter (vs. Street estimate of 5,567). This was above guidance for 5,400 to 5,700 homes. The gross margin of 28.4% was also above the guidance of 27%. </p> <p>Net new orders fell 8% year-over-year to 7,354. This was better than the Street estimate for a 26% drop.</p>

NYSE:PHM

https://financialmodelingprep.com/market-news/fmp-pultegroup-reports-better-than-expected-q1-results

Davit Kirakosyan

Financial Modeling Prep

McDonald's Reports Better Than Expected Q1 Earnings Results

2023-04-25 12:59:00

<p><a href='https://financialmodelingprep.com/financial-summary/MCD'>McDonald's (NYSE:MCD)</a> reported its Q1 earnings results today, with EPS coming in at $2.63, better than the Street estimate of $2.33. Revenue grew 4.1% year-over-year to $5.9 billion, beating the Street estimate of $5.57 billion. Comparable sales grew around 13% in Q1, driven by elevated menu prices and growth in the company’s digital operations. </p> <p>CEO Chris Kempczinski expressed during an earnings call that the company is experiencing a rise in market share across all income groups. This development has left the company feeling positive about its value and consistency. Despite customers ordering fewer items per order, Kempczinski believes that McDonald's performs well in all situations, giving the company optimism as it moves forward for the rest of the year.</p>

NYSE:MCD

https://financialmodelingprep.com/market-news/fmp-mcdonalds-reports-better-than-expected-q1-earnings-results

Davit Kirakosyan

Financial Modeling Prep

Squarespace Upgraded to Buy at Citi

2023-04-25 12:56:00

<p>Citi upgraded <a href='https://financialmodelingprep.com/financial-summary/SQSP'>Squarespace (NYSE:SQSP)</a> to Buy from Neutral and raised its price target to $40.00 from $30.00, driven by an improved growth outlook.</p> <p>The upgrade is supported by strong Q4/22 results and fiscal 2023 guidance, along with macro trends favoring new business formations and domain growth year-to-date. </p> <p>Additionally, positive feedback from Citi’s Web Builders Survey suggests the company’s competitive edge, while multiple fundamental drivers (such as payment rollout and improved pricing and packaging) and structurally higher margins underpin their positive outlook. </p> <p>According to Citi, this improvement is likely to continue beyond 2024, leading to upside pressure on estimates.</p>

NYSE:SQSP

https://financialmodelingprep.com/market-news/fmp-squarespace-upgraded-to-buy-at-citi

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Church & Dwight’s Upcoming Q1 Earnings?

2023-04-25 12:54:00

<p>RBC Capital shared its outlook on <a href='https://financialmodelingprep.com/financial-summary/CHD'>Church & Dwight (NYSE:CHD)</a> ahead of the upcoming Q1/23 earnings report, scheduled to be released on April 27.</p> <p>The analysts expect Q1 organic sales growth of 1.6% (in line with the Street estimates) and EPS of $0.76 (vs. Street’s $0.77) and see a modest upside to numbers. </p> <p>The analysts expect another quarter of household strength driven by the company’s value brands and an improving supply chain. They expect the company’s troubled spots to remain a drag but less than in previous quarters. On the flip side, the company’s recent acquisitions are doing very well (Hero/Therabrush). </p> <p>The analysts expect a gross margin expansion of 10 bps in the quarter to 42.7%. The company expects gross margin inflection into expansion territory this quarter following the past 10 quarters of contraction.</p>

NYSE:CHD

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-church-&-dwight’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Altria Group’s Upcoming Q1 Earnings Preview

2023-04-25 12:52:00

<p>RBC Capital released a preview on <a href='https://financialmodelingprep.com/financial-summary/MO'>Altria Group (NYSE:MO)</a> ahead of the upcoming Q1/23 earnings announcement on Thursday. The analysts expect Q1 net sales growth of 1.4% (vs. Street’s 2%), smokeable volumes down 8.9% year-over-year, and EPS of $1.18 (vs. Street’s $1.18). </p> <p>The analysts estimate smokeable net pricing growth of 10.9% (in line with Street’s estimates), compared to a 13.5% growth in Q4/22, and 9.2% growth in Q1/22.</p> <p>Given the company’s exposure to low-income households that are continuously pressured, coupled with an uncertain macroeconomic outlook in the US, the analysts believe the company will continue to face trade-down risk. </p> <p>Although volumes continue to decline, the analysts believe the company should be in line with numbers in Q1/23 with carryover pricing taken in October and new pricing taken in January.</p>

NYSE:MO

https://financialmodelingprep.com/market-news/fmp-altria-group’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

First Financial Reports Q1 Beat

2023-04-25 08:31:00

<p><a href='https://financialmodelingprep.com/financial-summary/FFBC'>First Financial Bancorp (NASDAQ:FFBC)</a> reported its Q1 earnings results on Thursday, with EPS coming in at $0.76, better than the Street estimate of $0.71. Revenue was $214.9 million, beating the Street estimate of $204.26 million.</p> <p>This was another solid revenue quarter with steady loan growth, margin expansion and very strong fee income performance. Loans increased 1.3% sequentially to $10.4 billion with growth driven by Summit (up $84 million) and mortgage (up $63 million), which offset smaller declines in other categories.</p> <p>Expenses were lower and credit remains stable. Overall results compared favorably to peers that have reported, and analysts at RBC Capital see momentum at the franchise, though they expect rising deposit betas to moderate the margin from here. </p>

NASDAQ:FFBC

https://financialmodelingprep.com/market-news/fmp-first-financial-reports-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Sunnova Energy’s Upcoming Q1 Earnings Preview

2023-04-25 08:28:00

<p>RBC Capital provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/NOVA'>Sunnova Energy International Inc. (NYSE:NOVA)</a> ahead of Q1 earnings, which are scheduled to be reported tomorrow after the market close.</p> <p>The analysts lowered their Q1 estimates on seasonality but largely maintained their full-year 2023 estimates. They now forecast Q1 adjusted EBITDA of $12 million ($24 million prior), principal income of $28 million ($34 million prior) and interest income of $17 million ($25 million prior).</p> <p>According to the analysts, Q1 is seasonally slower given lower solar production and SRECs as well as higher installations. For the full year 2023, they now forecast adjusted EBITDA + P&I of $519 million and for 2024 they forecast adjusted EBITDA + P&I of $782 million.</p> <p>The analysts reiterated their Outperform rating and $31 price target on the company’s shares.</p>

NYSE:NOVA

https://financialmodelingprep.com/market-news/fmp-sunnova-energy’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

HCA Healthcare Shares Surge 4% on Q1 Beat

2023-04-24 16:37:00

<p><a href='https://financialmodelingprep.com/financial-summary/HCA'>HCA Healthcare (NYSE:HCA)</a> shares gained nearly 4% on Friday after the company reported its Q1 earnings, with EPS of $4.85 coming in better than the Street estimate of $3.93. Revenues were $15.59 billion, beating the Street estimate of $15.27 billion.</p> <p>The company discussed improvements to labor trends with contract labor falling and hiring increasing. The improvements to capacity are continuing to help the top-line and admission trends, with adjusted admissions being up 7.5% and non-COVID MC admissions up 11%.</p> <p>For the full 2023 year, the company expects EPS in the range of $17.25-$18.55, compared to the Street estimate of $17.25. Full-year revenue is seen at $62.5-$64.5 billion, compared to the Street estimate of $62.6 billion.</p>

NYSE:HCA

https://financialmodelingprep.com/market-news/fmp-hca-healthcare-shares-surge-4-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

O'Reilly Automotive’s Upcoming Q1 Earnings Preview

2023-04-24 16:35:00

<p>RBC Capital analysts provided a preview on <a href='https://financialmodelingprep.com/financial-summary/ORLY'>O'Reilly Automotive (NASDAQ:ORLY)</a> ahead of the upcoming Q1 earnings announcement, scheduled on Wednesday.</p> <p>The analysts expect the company to report comp sales growth of 6.2% (vs. Street’s 6.6%) and EPS of $7.89 (vs. Street’s $7.96).</p> <p>According to the analysts, the company should continue to benefit from an uncertain macro backdrop, but at 22x consensus 2024 EPS estimate, they wouldn't necessarily be adding to positions ahead of the print. The analysts reiterated their Outperform rating and $900 price target on the company’s shares.</p>

NASDAQ:ORLY

https://financialmodelingprep.com/market-news/fmp-oreilly-automotive’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Advanced Micro Devices’ Price Target to $115 at Susquehanna

2023-04-24 16:32:00

<p>Susquehanna raised its price target on <a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices (NASDAQ:AMD)</a> to $115 from $112, maintaining its Positive rating.</p> <p>The analysts noted that H1 choppiness establishes the foundation for an H2 recovery. On May 2, the company is scheduled to report its Q1 earnings. Susquehanna anticipates generally in-line quarterly results, but they are uncertain about the guide, citing a modest risk.</p> <p>The analysts hope the company will provide guidance for the full year, with revenue possibly down slightly to $23.3 billion (or flat), gross margins above 50%, and OPEX at around 27.5%.</p> <p>The company is optimistic about an H2 recovery. Wall Street analysts also share this sentiment, expecting an 11.3% sequential increase in Q3 and 7.2% in Q4.</p>

NASDAQ:AMD

https://financialmodelingprep.com/market-news/fmp-advanced-micro-devices’-price-target-to-$115-at-susquehanna

Davit Kirakosyan

Financial Modeling Prep

What to Expect From ServiceNow’s Upcoming Q1 Results?

2023-04-24 16:30:00

<p>RBC Capital analysts released their outlook on <a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow (NYSE:NOW)</a> ahead of Wednesday’s Q1/23 earnings announcement.</p> <p>While the analysts don't see this as an inflection-type quarter given it's a Q1, they look for a slight upside to results following resilient partner checks despite an uncertain macro environment.</p> <p>The analysts expect a potentially 100 bps upside to subscription revenue growth versus guidance/consensus at 22.25%/22.2%. While the analysts believe fiscal 2023 guidance stays largely unchanged, they think there is the opportunity for estimates to move higher into fiscal 2024 on a firming macro.</p> <p>The analysts raised their price target on the stock to $520 from $510 while reiterating their Outperform rating.</p>

NYSE:NOW

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-servicenow’s-upcoming-q1-results?

Davit Kirakosyan

Financial Modeling Prep

Wintrust Financial Reports EPS Beat While Revenues Miss Estimates

2023-04-24 12:07:00

<p><a href='https://financialmodelingprep.com/financial-summary/WTFC'>Wintrust Financial (NASDAQ:WTFC)</a> reported its Q1 earnings results on Wednesday, with EPS of $2.80 beating the Street estimate of $2.57. However, revenues came in at $565.76 million, missing the Street estimate of $571.43 million.</p> <p>Overall, this was a good quarter for the company, highlighted by margin expansion and deposit stability. Results also benefited from favorable noninterest income and expense trends, which supported overall earnings.</p> <p>Net interest income increased 0.3% sequentially to $458.0 million, driven by loan growth and margin expansion. Management provided an updated outlook and is now expecting loan growth for 2023 at the lower end of their mid-to-high single-digit range.</p>

NASDAQ:WTFC

https://financialmodelingprep.com/market-news/fmp-wintrust-financial-reports-eps-beat-while-revenues-miss-estimates

Davit Kirakosyan

Financial Modeling Prep

Texas Capital Misses Q1 EPS, But Revenues Better Than Estimates

2023-04-24 12:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/TCBI'>Texas Capital Bancshares (NASDAQ:TCBI)</a> reported its Q1 results on Thursday, with EPS coming in at $0.70, missing the Street estimate of $0.87. Revenues of $272.75 million, instead, came in above the Street estimate of $266.29 million.</p> <p>Full-year guidance now calls for low double-digit percentage revenue growth (down from mid-teens), mid-single digit expense growth (down from low double-digit), and maintenance of year-over-year positive operating leverage objective.</p> <p>RBC Capital said they are encouraged by another quarter of positive operating leverage, core loan growth, and momentum in the expanded fee businesses. Although the industry is facing a tougher environment, analysts expect to see the financial benefits of the company’s transformation continue to materialize in the coming quarters.</p>

NASDAQ:, TCBI

https://financialmodelingprep.com/market-news/fmp-texas-capital-misses-q1-eps-but-revenues-better-than-estimates

Davit Kirakosyan

Financial Modeling Prep

Comerica Reports Q1 Beat But Shares Drop

2023-04-21 14:02:00

<p><a href='https://financialmodelingprep.com/financial-summary/CMA'>Comerica (NYSE:CMA)</a> shares fell more than 2% yesterday and were trading nearly 4% lower intra-day today despite the company reporting its Q1 earnings results, with EPS of $2.39 beating the Street estimate of $2.29. Revenue was $990 million, better than the Street estimate of $969.4 million.</p> <p>Fundamental results were acceptable given the recent industry events and, consistent with expectations, Comerica faced deposit outflows in select business lines and large commercial accounts. Moving forward, analysts at RBC Capital see stabilizing funding trends and stronger loan growth as drivers to higher net interest income after a reset lower.</p>

NYSE:CMA

https://financialmodelingprep.com/market-news/fmp-comerica-reports-q1-beat-but-shares-drop

Davit Kirakosyan

Financial Modeling Prep

Fifth Third Bancorp Reports Q1 EPS Beat, But Revenues Come In Worse Than Expected

2023-04-21 14:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/FITB'>Fifth Third Bancorp (NASDAQ:FITB)</a> reported its Q1 results yesterday, with EPS of $0.83 coming in better than the Street estimate of $0.79. Revenue was $2.21 billion, missing the Street estimate of $2.23 billion.</p> <p>The company delivered a solid performance in Q1/23 in a challenging environment, and despite moderately negative revisions to 2023 guidance, analysts at RBC Capital expect full-year results to be positive relative to 2022. </p> <p>According to the analysts, the company remains well-capitalized with a CET1 ratio of 9.3% and has elected to pause Q2/23 share repurchase activity to maintain its strong capital levels given the significant uncertainty in the economic outlook. Aside from capital, the deposit mix will be very important over the next 12-18 months, and analysts expect the company to shine during this period.</p>

NASDAQ:FITB

https://financialmodelingprep.com/market-news/fmp-fifth-third-bancorp-reports-q1-eps-beat-but-revenues-come-in-worse-than-expected

Davit Kirakosyan

Financial Modeling Prep

American Express Reports EPS Miss But Revenues Beat Expectations

2023-04-21 13:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/AXP'>American Express (NYSE:AXP)</a> reported its Q1 results, with EPS coming in at $2.40, worse than the Street estimate of $2.66. Revenue of $14.3 billion, however, beat the Street estimate of $13.98 billion.</p> <p>Fee revenues fell 1.1% sequentially and increased 18.5% year-over-year to $11.3 billion, while net interest income rose 8.0% sequentially and 35.7% year-over-year to $3.0 billion. Discount revenues declined 2.9% sequentially and increased 16.3% year-over-year to $7.9 billion.</p> <p>The analysts at RBC Capital believe the 2023 outlook remains favorable and the company remains well-positioned to drive strong sustained revenue growth over the long term.</p>

NYSE:AXP

https://financialmodelingprep.com/market-news/fmp-american-express-reports-eps-miss-but-revenues-beat-expectations-

Davit Kirakosyan

Financial Modeling Prep

Evolent Health’s Upcoming Q1 Earnings Preview

2023-04-21 13:56:00

<p>RBC Capital analysts provided a preview of <a href='https://financialmodelingprep.com/financial-summary/EVH'>Evolent Health, Inc. (NYSE:EVH)</a> ahead of the upcoming Q1 earnings results, scheduled on May 3.</p> <p>According to the analysts, the company remains one of their favorite value-based care ideas based on a strengthening macro backdrop and accelerating cross-selling/conversion momentum, which primes the model for steady long-range EBITDA growth. </p> <p>RBC Capital expects investor focus to be on assessing management's progress toward both its $180-200 million 2023 EBITDA guidance and its targeted $300 million 2024 exit rate. </p> <p>According to the analysts, the two most important drivers are (1) margin progression within its existing risk-bearing contracts —the most impactful near-term EBITDA driver, and (2) continued cross-selling and Performance Suite conversions—the most impactful long-term driver.</p>

NYSE:EVH

https://financialmodelingprep.com/market-news/fmp-evolent-health’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Zions Bancorp Shares Fall 4% Following Q1 Miss

2023-04-21 11:04:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZION'>Zions Bancorp (NASDAQ:ZION)</a> shares dropped more than 4% on Thursday after the company reported its Q1 earnings results, with EPS of $1.33 coming in worse than the Street estimate of $1.53. Net interest income dropped 5.7% quarter-over-quarter to $679 million as the margin fell 20 to 3.33%. Loan yields grew 49 bps quarter-over-quarter to 5.30% and securities yields rose 4 bps, while interest-bearing deposit costs increased 50 bps to 0.92%.</p> <p>Core fundamental trends were softer, with increased pressure on net interest income and margin reflecting the environment and higher deposit betas, as well as higher than expected expenses.</p> <p>Credit metrics continued to be relatively clean, though management remained conservative with a modest reserve build. The updated fundamental outlook suggests additional margin and net interest income headwinds in the near term given the rate environment and inverted yield curve.</p>

NASDAQ:ZION

https://financialmodelingprep.com/market-news/fmp-zions-bancorp-shares-fall-4-following-q1-miss

Davit Kirakosyan

Financial Modeling Prep

Synchrony Financial Reports Better Than Expected Q1 Results

2023-04-21 11:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/SYF'>Synchrony Financial (NYSE:SYF)</a> reported its Q1 results on Wednesday, with EPS of $1.35 coming in worse than the Street estimate of $1.49. Revenue was $3.2 billion, beating the Street estimate of $3.14 billion, driven by a growth provision that was a modest drag on EPS.</p> <p>Analysts at RBC Capital view the quarterly results as solid with seasonally lower but decent loan trends, manageable credit, and controlled expenses.</p> <p>The company raised the loan growth outlook, and overall guidance calls for more normalized operating fundamentals and credit as we move through the year.</p>

NYSE:SYF

https://financialmodelingprep.com/market-news/fmp-synchrony-financial-reports-better-than-expected-q1-results

Davit Kirakosyan

Financial Modeling Prep

F5 Networks Misses Guidance, Shares Fall 3%

2023-04-20 15:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/FFIV'>F5 Networks (NASDAQ:FFIV)</a> shares fell around 3% intra-day today after the Q2 earnings release, with both EPS of $2.53 and revenue of $703 million coming in better than the Street estimates, but guidance missed expectations.</p> <p>For Q3/23, the company expects EPS in the range of $2.78-$2.90, compared to the Street estimate of $3.05. Revenue is seen at $690-710 million, compared to the Street estimate of $747 million.</p> <p>According to the analysts at RBC Capital, Q2 results were supported by stronger-than-expected systems shipments on backlog burn-off as well as strong global services performance while software remained challenged due to continued macro headwinds. </p> <p>The analysts lowered their price target on the stock to $146 from $155 while reiterating their Sector Perform rating.</p>

NASDAQ:FFIV

https://financialmodelingprep.com/market-news/fmp-f5-networks-misses-guidance-shares-fall-3

Davit Kirakosyan

Financial Modeling Prep

Kinder Morgan Shares Down 2% Following Q1 Earnings Results

2023-04-20 14:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/KMI'>Kinder Morgan (NYSE:KMI)</a> shares are trading more than 2% lower intra-day today after the company reported its Q1 earnings results, with revenue of $3.89 billion coming in worse than the Street estimate of $4.67 billion. EPS was $0.30, better than the Street estimate of $0.29. </p> <p>Adjusted EBITDA of $1.996 billion came in above the Street estimate of $1.950 billion.</p> <p>Operational outperformance (mostly in the natural gas and terminals) has offset commodity prices that are running below the company’s budgeted levels. Consequently, the company maintained its budgeted 2023 guidance. </p>

NYSE:KMI

https://financialmodelingprep.com/market-news/fmp-kinder-morgan-shares-down-2-following-q1-earnings-results

Davit Kirakosyan

Financial Modeling Prep

Ally Financial Shares Plunge 5% Following Q1 EPS Miss

2023-04-20 14:53:00

<p><a href='https://financialmodelingprep.com/financial-summary/ALLY'>Ally Financial (NYSE:ALLY)</a> shares fell more than 5% intra-day today after the company reported its Q1 results, with EPS of $0.82 missing the Street estimate of $0.86. Revenue came in at $2.1 billion, better than the Street estimate of $2.07 billion.</p> <p>Net financing revenue decreased 4.3% sequentially to $1.6 billion as higher earning assets were offset by a 14 bps sequential decline in the margin to 3.51%. Earning asset yields increased 47 bps sequentially to 6.71%, while funding costs increased 66 bps to 3.39%.</p> <p>Management remains confident in the trajectory of earnings over time, though navigating near-term margin, funding, and credit dynamics remains the focus.</p>

NYSE:ALLY

https://financialmodelingprep.com/market-news/fmp-ally-financial-shares-plunge-5-following-q1-eps-miss

Davit Kirakosyan

Financial Modeling Prep

What to Expect From PepsiCo’s Upcoming Q1 Report?

2023-04-20 14:50:00

<p>RBC Capital analysts provided a preview on <a href='https://financialmodelingprep.com/financial-summary/PEP'>PepsiCo (NASDAQ:PEP)</a> ahead of the company’s upcoming Q1/23 earnings, scheduled to be reported on April 25.</p> <p>The analysts expect organic sales growth of 9.5%, compared to the Street estimate of 9.1%. Q1 EPS was $1.39, above the Street estimate of $1.38.</p> <p>The company’s US trends were strong in Q1 as evidenced by IRI data and RBC’s channel checks, driven by pricing and the Frito business. IRI total US tracked channel sales were up 12.2% year-over-year, modestly deaccelerating from 12.8% in Q4/22. </p> <p>By segment, Pepsi Beverages North America (PBNA), Frito-Lay North America (FLNA), and Quaker Foods North America (QFNA) were up 10.2%, 15.4%, and 8.4% year-over-year, respectively.</p>

NASDAQ:PEP

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-pepsico’s-upcoming-q1-report?

Davit Kirakosyan

Financial Modeling Prep

Tesla Shares Drop 7% on Q1 Miss

2023-04-20 06:23:00

<p><a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> shares fell nearly 7% pre-market today after the company reported its Q1 results that came in worse than the Street estimates as it was hurt by price cuts.</p> <p>Q1 EPS was $0.85, compared to the Street estimate of $0.86. Revenue came in at $23.3 billion, compared to the Street estimate of $23.78 billion.</p> <p>Gross margins dropped to 19.3% from 29.1% in Q1/22, missing the Street estimates of 21%. Tesla has cut prices on its electric vehicles globally, including in the US where it reduced prices for the sixth time this year to stay competitive. </p> <p>The company reported manageable operating margins despite the first-quarter price reductions and anticipates further cost cuts through improved production efficiency and reduced logistics costs.</p> <p>Tesla plans to produce 1.80 million cars this year, slightly lower than Street estimates and expects to remain ahead of the long-term 50% CAGR with around 1.8 million cars in fiscal 2023.</p>

NASDAQ:TSLA

https://financialmodelingprep.com/market-news/fmp-tesla-shares-drop-7-on-q1-miss

Davit Kirakosyan

Financial Modeling Prep

Sprouts Farmers Market Initiated With Underperform at Evercore

2023-04-20 06:20:00

<p>Evercore ISI initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/SFM'>Sprouts Farmers Market (NASDAQ:SFM)</a> with an Underperform rating and a $29.00 price target, noting it views the company as likely to cede share because of significant West Coast exposure, a relatively high price perception, and mounting competition.</p> <p>While credit management has successfully transformed the business in recent years, the company's premium offerings make it vulnerable to traffic and margin risks in a decelerating consumer landscape.</p> <p>The analysts believe that the company's sales and margins are likely to moderate, and they expect a valuation that is relatively and absolutely at the lower end of its historical range to be appropriate.</p>

NASDAQ:SFM

https://financialmodelingprep.com/market-news/fmp-sprouts-farmers-market-initiated-with-underperform-at-evercore

Davit Kirakosyan

Financial Modeling Prep

Intuitive Surgical Surges 10% on Q1 Beat

2023-04-19 17:41:00

<p><a href='https://financialmodelingprep.com/financial-summary/ISRG'>Intuitive Surgical (NASDAQ:ISRG)</a> shares jumped more than 10% today after the company reported its Q1 results, with EPS coming in at $1.23, better than the Street estimate of $1.19. Revenue was $1.7 billion, beating the Street estimate of $1.59 billion, due to strong procedure volumes (up 26% year-over-year) and higher system placements. </p> <p>The company raised its fiscal 2023 procedure volume guidance (to 18–21% from 12–16%), with the low end assuming continued choppiness with Covid hospitalizations, uncertainty regarding the timing of the capital quota in China for the remainder of the year, macroeconomic challenges impacting hospital procedure volumes, and moderation in procedures from elevated levels experienced in January and February this year.</p>

NASDAQ:ISRG

https://financialmodelingprep.com/market-news/fmp-intuitive-surgical-surges-10-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Abbott Shares Jump 7% Following Q1 Beat

2023-04-19 17:39:00

<p><a href='https://financialmodelingprep.com/financial-summary/ABT'>Abbott (NYSE:ABT)</a> shares surged more than 7% today after the company reported its Q1 results, with EPS of $1.03 coming in better than the Street estimate of $0.99. Revenue dropped 18% year-over-year to $9.75 billion (vs. Street’s $9.66 billion) as diagnostics revenue fell 49% to $2.69 billion.</p> <p>Abbott's Chairman and CEO, Robert Ford, announced that the company's first-quarter results indicate a strong start to the year, with accelerated growth in its core businesses, including Medical Devices, Established Pharmaceuticals, and Nutrition.</p> <p>For the full 2023 year, the company expects EPS to be in the range of $4.30-$4.50, compared to the Street estimate of $4.39. The company also expects at least high single-digit organic sales growth for 2023.</p>

NYSE:ABT

https://financialmodelingprep.com/market-news/fmp-abbott-shares-jump-7-following-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Bank of New York Reports In-Line Q1 Results

2023-04-19 17:36:00

<p><a href='https://financialmodelingprep.com/financial-summary/BK'>Bank of New York (NYSE:BK)</a> reported its Q1 earnings results, with EPS coming in at $1.12 and revenue at $4.4 billion, both in line with the Street estimates.</p> <p>According to the analysts at RBC Capital, the company has benefited from the rise in Fed Funds as it has posted double-digit net interest income (NII) growth. Moreover, two-thirds of its deposit base is operational accounts for institutional clients and sticky in nature. </p> <p>Also, as a result of being the plumber to the global financial system, the company manages over $1.3 trillion of cash and other short-term investment options on behalf of its clients. </p> <p>Analysts revised their 2023 and 2024 EPS estimates to $4.85 and $5.15 from $4.61 and $4.87 due to higher-than-expected net interest income and lower expenses, partially offset by lower fee revenue growth.</p>

NYSE:BK

https://financialmodelingprep.com/market-news/fmp-bank-of-new-york-reports-in-line-q1-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From The Procter & Gamble’s Upcoming Q3 Earnings Results?

2023-04-19 17:33:00

<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PG'>Procter & Gamble (NYSE:PG)</a> ahead of the upcoming Q3/23 earnings report, scheduled on Friday.</p> <p>The analysts expect organic sales growth of 4% (in-line with the Street) and EPS of $1.33 (vs. Street’s $1.32). </p> <p>The analysts expect US trends to lead the way with softer trends internationally (Europe and China—though early signs of recovery in China). After years of China’s strict no-COVID policy, analysts are beginning to see signs of a less restrictive policy. While the analysts do not expect China reopening to be a linear recovery process and still expect it to be a headwind in the quarter, they believe early indicators would suggest a recovery in China is in place and expect it will strengthen markedly into H2/23.</p>

NYSE:PG

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-the-procter-&-gamble’s-upcoming-q3-earnings-results?

Davit Kirakosyan

Financial Modeling Prep

Netflix Reports Worse Than Expected Q1 Results, Guides Lower

2023-04-19 06:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/NFLX'>Netflix (NASDAQ:NFLX)</a> reported its Q1 earnings yesterday, with EPS coming in at $2.88, better than the Street estimate of $2.86. However, the revenue of $8.16 billion missed the Street estimate of $8.17 billion. Global streaming paid net additions of 1.75 million also came in worse than the Street estimate of 2.41 million.</p> <p>Shares plunged around 11% after-hours yesterday but almost entirely recovered today, currently being down 1% pre-market.</p> <p>The company provided its outlook for Q2, expecting revenue of $8.24 billion, missing the Street estimate of $8.47 billion.</p> <p>Following the results, several brokerages lowered their price targets on the stock, including Jefferies with a new price target of $405.00 (from $415.00) and maintained Buy rating. Meanwhile, JPMorgan lowered its price target to $380.00 from $390.00 while reiterating an Overweight rating.</p>

NASDAQ:NFLX

https://financialmodelingprep.com/market-news/fmp-netflix-reports-worse-than-expected-q1-results-guides-lower

Davit Kirakosyan

Financial Modeling Prep